$799,000
Available - For Sale
Listing ID: X12517638
164 Wentworth Street South , Hamilton, L8N 2Z2, Hamilton
| Currently generating a strong 6.2% cap rate, this well-cared-for legal triplex is ideal for investors and owner-occupiers seeking turn-key income. Strong cashflow with easy potential to convert to a legal fourplex and further increase income. Reliable tenants. With all units above ground, this property has great character, natural light, green outdoor spaces, and ample parking in both front and rear. Main floor is a large 3-bedroom unit with basement, private fenced backyard, and shed. 2nd floor has a 1-bedroom unit with spacious kitchen and 2-bedroom unit with open-concept kitchen. Unit 2 & 3 share an additional semi-private backyard. All units have en-suite washer/dryers. Three hydro meters. Additional outdoor staircase to 2nd floor. INCOME & EXPANSION POTENTIAL - Unit 1 offers potential to be split into 2 separate units, with current layout with minimal changes and zoning (R1a) that allows up to four units. Additional income potential: basement with existing separate entrance, large attic with high ceilings. Prime family neighborhood, steps to the Escarpment Rail Trail (part of Bruce Trail) and stairs to Mountain. Excellent transit options: Wentworth/Stinson/Main Street buses, Hamilton GO Station, easy access to Mountain & highways, direct bus route to McMaster University. Close to schools, grocery stores, hospitals, restaurants, cafes. Strong rental demand, especially with grad students and medical professionals. Financial info and recent capital upgrades available upon request. |
| Price | $799,000 |
| Taxes: | $5030.00 |
| Occupancy: | Tenant |
| Address: | 164 Wentworth Street South , Hamilton, L8N 2Z2, Hamilton |
| Directions/Cross Streets: | Stinson st./Wentworth St. S |
| Rooms: | 10 |
| Bedrooms: | 6 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Separate Ent, Unfinished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Kitchen | |||
| Room 2 | Main | Living Ro | |||
| Room 3 | Main | Bedroom | |||
| Room 4 | Second | Living Ro | 16.01 | 9.84 | Large Window, Hardwood Floor |
| Room 5 | Second | Kitchen | 11.55 | 11.84 | Combined w/Dining, Open Concept, Window |
| Room 6 | Second | Bedroom | 13.15 | 8.17 | Walk-In Closet(s), Window, Hardwood Floor |
| Room 7 | Second | Living Ro | Open Concept, Hardwood Floor, Window | ||
| Room 8 | Second | Kitchen | Open Concept, Combined w/Dining, Window | ||
| Room 9 | Second | Primary B | Window, Closet Organizers, Hardwood Floor | ||
| Room 10 | Second | Bedroom 2 | Window, Closet |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Second |
| Washroom Type 2 | 4 | Second |
| Washroom Type 3 | 4 | Main |
| Washroom Type 4 | 3 | Basement |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | Second |
| Washroom Type 7 | 4 | Second |
| Washroom Type 8 | 4 | Main |
| Washroom Type 9 | 3 | Basement |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 4 | Second |
| Washroom Type 12 | 4 | Second |
| Washroom Type 13 | 4 | Main |
| Washroom Type 14 | 3 | Basement |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 4 | Second |
| Washroom Type 17 | 4 | Second |
| Washroom Type 18 | 4 | Main |
| Washroom Type 19 | 3 | Basement |
| Washroom Type 20 | 0 |
| Total Area: | 0.00 |
| Property Type: | Triplex |
| Style: | 2-Storey |
| Exterior: | Brick |
| Garage Type: | Carport |
| Drive Parking Spaces: | 6 |
| Pool: | None |
| Approximatly Square Footage: | 2000-2500 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Radiant |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| SUTTON GROUP-ADMIRAL REALTY INC. |
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Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
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At a Glance:
| Type: | Freehold - Triplex |
| Area: | Hamilton |
| Municipality: | Hamilton |
| Neighbourhood: | Stinson |
| Style: | 2-Storey |
| Tax: | $5,030 |
| Beds: | 6 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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